Roger Ver refuses to believe in the irrelevance of Bitcoin Cash

Cryptocurrency Bitcoin Cash not needed in commercial transactions. This was reported by Bloomberg with reference to the results of the study Chainalysis.

The company’s specialists have studied the cryptocurrency payments made 17 major digital services, including BitPay, and GoCoin Coinify. It was found that the number of transactions using coins in may of this year has fallen to the minimum mark. In March, the volume of payments with the use of the asset was $10.5 million, then in late spring the amount fell to $3.7 million.

It should be noted that volumes have fallen payments and bitcoin — from $412 million in September last year to $60 million in may 2018. The team representative Chainalysis Kim Grauer said:

Bitcoin Cash is now less holders, which leads to a drop in the number of transactions using this asset.

The study highlights that approximately 56% of all Bitcoin Cash is located in 57 cryptocotyle that are not owned by digital exchanges. Two of them stored up to 100 000 coins.

One of their supporters Cash Bitcoin Roger Ver urged not to pay attention to this report. He pointed to sufficient, in his opinion, the number of transactions in August and called the price of the coin in the long run “function from the usefulness as a currency.”